Seagrass Restoration Institute Inc
Nonprofit profile at a glance
- EIN
- 932339383
- IRS 990-EZ coverage
- 2025–2025
- Forms available
- Form 990 2024, Form 990-EZ 2025, Form 990-N 2023
- Location
- Lakeland, FL, USA
- Phone
- 8636603391
- Rating
- 92
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $177,870
- Expenses
- $215,997
- Assets
- $88,721
- Liabilities
- $8,804
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- JAY M TANNER (PRESIDENT)
People named in this filing
- JAY M TANNER (PRESIDENT)
- CRAIG WATSON (VP/TREASURER)
- DAVID BOOZER (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Seagrass restoration institute is dedicated to the sustainable restoration and conservation of marine ecosystems through the establishment of land-based coral and seagrass nurseries in order to advance the recovery of vital marine habitats and to protect biodiversity.
What it reported doing in 2025
Reef renewal USA: the seagrass restoration institute, a Florida-based nonprofit focused on marine ecosystem recovery, received $211,871 from reef renewal USA to support its coral reef nursery operations. This funding was not derived from individual contributions but was provided specifically to cover operational expenses incurred while cultivating coral fragments for outplanting efforts. Coral nurseries are underwater structures designed to grow and strengthen coral species before they are transplanted onto degraded reef systems. By nurturing coral in controlled environments, these nurseries enhance survival rates and biodiversity, playing a critical role in reef restoration. The seagrass restoration institute's work complements reef renewal USA's broader mission to rehabilitate Florida's coral reefs, and the grant reflects a strategic partnership aimed at scaling restoration efforts through science-based marine stewardship.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 97
- Transparency & Controls: 100
- Sustainability: 22
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 91.8%; rating input score 92
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -21.4%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 0.41; rating input score 33; 33rd percentile among comparable filings
- Liabilities to assets ratio: 0.1; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 3% per year; rating input score 100; 33rd percentile among comparable filings
- Asset growth: -28.4% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 91.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $198K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 6/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.